Monday, September 28, 2015

10 Ways To Use Mirrors To Make Your Space Look Larger





Although most of us have a pretty good idea on where to hang a mirror in our home, they're often times far more versatile than we initially think. They can be one the best tools in the small space owner's back pocket and our personal opinion is that you can never have too many!

1. Group Them Together : While larger mirrors can be quite pricey, many of us don't have the budget for such things. Smaller mirrors are found at discount or thrift stores quite easily and with a super small price tag on them. Paint their frames all the same color and group them on the wall in the same place. The look will be organized without feeling cluttered.

2. Behind The Stove : Although they're bound to get a little greasy or dirty eventually, it's not like mirrors don't clean up easily. Behind your stovetop is traditionally a rather dark area in your kitchen. A mirror will bounce any available light around, not only making it easier to see the meal you're preparing, but make it a more enjoyable place to stand.



3. Turn Them On Their Side :
This trick works especially well when using longer skinny mirrors, try turning your mirror on its side. This trick works best with long skinny mirrors, but it makes any wall look longer instantly.

4. Cabinet Fronts : Although you can use this trick in other places of the home, the kitchen is the ideal location for this DIY project. Glue mirrored tiles to the front of your cabinet fronts to reflect the world around you. Maybe you'll just do the tops, or just the bottoms, but either way we think it's a curious technique, especially in small spaces!

5. Next To Your Dining Room Table : One of Maxwell's favorite places for a mirror is right next to the dining room table. Like you see in many restaurants around the world, this allows for softer lighting to be used, while still keeping the area light and bright. Think of it as mood lighting that still allows you to see your dinner plate!

6. Floor Length : Floor length mirrors are great ways to make any space feel taller. Their long shape draws the eye up and carrying it around the room, making any space feel lighter and brighter. Place them behind a grouping of furniture or out on their own.

7. Layer Them Up : Why have just one mirror when you can have several? By making an entire wall mirrored and then adding smaller, defined mirrors on top, not only are you creating a larger more open-feeling space, but you'll also be giving depth to the space without weighing things down.

8. Fake A Window : Although our dream small space is packed with windows, we know that's not really a reality for many. Instead, try using small square mirrors, tiled out to look like a window to give the illusion of what you wish was there, instead of what really is.



9. Beautiful Backsplashes :
We keep coming back to the kitchen, but there's so many ways to use mirrors in this well used room. The backsplash is the perfect place for a little reflection. It will make any under counter lighting extra bright or allow you to go without such things and use the natural light throughout the room.



10. Fake Mirrored Furniture :
Like covering your cabinets above, you can fake expensive designer prices and simply use a glass cutter and mirrored tile found at your hardware store. Although it's a more labor intensive option, the results can be quite amazing if you're starting with a piece that has good shape to it already.



(Source: ApartmentTherapy.com)



Tuesday, September 22, 2015

7 Real Estate Investing Lessons We Can Learn from Steve Jobs



I recently read the book "Steve Jobs" by Walter Isaacson. As brilliant as Steve Jobs was, I came away from the book not with a sense of awe about the man who Steve Jobs was, but how despite his incredible success, how idiosyncratic and deeply flawed a human being he really was.



Yes, he was a certifiable genius, although in some ways "certifiable" as well.



Yes, we'll never see anyone else exactly like him, although Apple's stock price has done quite well since his death



Yes, in American business, he will live in the pantheon of Edison, Einstein, and Ford, and he really thought he belonged there.



Yes, he did leave an indelible mark on our society – in fact, totally revolutionizing five separate industries nearly simultaneously...but he deeply hurt many people on the way in his rise to near mythic status.



Despite his greatness, he made tons of mistakes, cruelly alienated lots of people including his own daughter, and did some curiously unethical things in his relatively brief time on this earth. No doubt, the further you probe into the true personal lives of your "heroes" oftentimes the more you find, the less you like.



I came away from reading the book in a word - exhausted, but exhilarated at the same time. In fact, it was refreshing in a way to know that although Jobs was "Steve Jobs the icon", he's just a guy like you and me. I realized that you don't have to be perfect to be great. And although there are many traits of Jobs I would never emulate in my own life, I felt like there were so many brilliant lessons that can be learned from him not only as a businessman and real estate investor, but as many lessons in what not to do as a father, a husband and a human being.



The bottom line is this: you, I and anyone can be great. There are multiple paths to ultimate success in life and in real estate investing, and there are multiple lessons Steve Jobs can teach the real estate investor and which can be learned by you.



The Top Seven Real Estate Investing Lessons Steve Jobs Taught Us



1. Fear Not



Jobs was plagued by strange idiosyncrasies. His diet, his odd personal habits, his driving without a license plate, his parking in handicapped zones just to name a few. But one thing he was blessed with was a total and utter lack of fear. Lack of fear comes from many things; self-confidence, optimism, even delusions of grandeur (checkmarks on all three for Jobs here). One thing's for sure, he had enormous amounts of self-confidence. He felt he was special and that he was put on this earth to do great things by creating the technical marvels which ultimately influenced and bettered the lives of millions of people. Those innovations still affect us all each and every day.



Even in the face of terminal pancreatic cancer, he seemed to have an almost irrational sense of self-confidence and lack of fear. His self-confidence was so great; he actually thought that he could cure himself with oddball diets and rituals, while shunning traditional medicine – medicine that just may have saved his life. Incredibly, he seemed to have a complete absence of fear of the one thing that most of us are deathly afraid of...death itself.



It's terrifying to buy your first house flip, for sure. But is it as fearful as death? Keep things in perspective in order to control fear. Think of the worst case scenario if you do what you're fearful of. If you can handle the worst case pain and aggravation, then do it. If Steve Jobs could fearlessly stare down death, you can do the same.



If you're just starting, then make your first real estate purchase. If you've been around the block a few times, try a new investment strategy you've never done before. When you face your fears and do what you fear most, you end up controlling your fears.



2. Pick Yourself Up Even After Your Failures



Can you imagine the humiliation of being fired by the guy you picked to run your company? In one of the most public firings in corporate history, Steve Jobs was fired. This was big news when it happened, sending shockwaves throughout Silicon Valley and the rest of the corporate world. Jobs did wallow for a short period of time, sure. But he picked himself up and created a new company that was ultimate bought by the company and the successor he was fired by.



If you are new to real estate investing and you lose a few thousand on your first deal because you overestimate your ARV, didn't stick by the 70% Rule or failed to tightly manage your general contractors, then provided the few thousand didn't bankrupt you, pick yourself up and try again.



It's not how many times we fail; it's how many times we get back up after failure that counts most.



3. Marry Art and Functionality



Many of us have iPhones. If you have one nearby while reading this or on the desktop beside you, pick it up. Feel the weight, notice the elegant stainless steel wrapping, the Gorilla glass screen, the smooth back. Swipe a few apps from side to side, browse the Internet, touch an app and see how they all gently jiggle to be deleted or modified. If you think all these enhancements and subtle artistic nuances of the device (since copied by the Google platform) are random, think again.



Jobs dissected each of these features and weighed them for weeks and months prior to being introduced by Apple. And each feature indelibly bears his thumbprint - his signature. He married art and functionality to create everlasting products and innovation that will affect generations to come.



There are lots of posts on this website that discuss the "steps" to real estate investing, house flipping, wholesaling, you name it. Follow these steps here and learn as much as you can. But then, put your own thumbprint on each of them – just like Steve Jobs did with each of his creations.



Is there only one way to rehab a house for maximum resale? No way.



Is there only one way to round up funding for your next apartment building? Not a chance.



Virtually anyone can become a real estate investor as long as they have the desire and the ambition, but to become a massive success, it's going to take more than just what you learn from others. Its going to require you to put your own indelible stamp on every deal you do. Think like Steve jobs in how you can make your flip or rental a little bit different, enhanced or beautiful...marry art with functionality.



4. Listen to Your Inner Voice



When you are new to real estate investing, you have no voice in your head. If you do have one, that voice is usually screaming to you "don't do it!"



However, the more deals you do, a different inner voice starts to appear. This is the voice of experience.



Maybe you are thinking about becoming a real estate investor and there's something that has stopped you from doing it. You went to school, you got a good job in finance or sales or maybe you're a doctor or a dentist - but there's something missing. When we don't listen to our inner voice, we mail it in, we do what we do on autopilot.



You're reading this blog most likely because you want something more. You want to create the life you've always wanted. THAT is the inner voice calling you.



Ignore it at your own peril.



Jobs' inner voice screamed "change the world" - a pretty dramatic vision and a pretty big voice. He built computers to do it. That was his plan.



What's yours?



One thing that's abundantly clear with Jobs is that despite his many imperfections, he lived his life with very few regrets. He followed his inner voice. Whatever that voice is telling you, it would be smart to listen to it. Even if it tells you to quit your job, become a full-time real estate investor, move to Tibet or become a gourmet sushi chef, listen to it.



Live life with no regrets.



5. Expect More from Yourself and From Others



Jobs was a real prick sometimes. He would berate people. He would yell at people. He would throw little temper tantrums. He was a totally obsessive control freak.



And of course, he was an absolute perfectionist.



He demanded this from himself and he demanded the same from everyone who worked for him. I am not saying that the WAY Jobs did it was right, far from it. He seemed like a real jerk to work for.



But one thing's for sure, he pushed people to places where they never thought they were capable of going. He expected this of himself and he expected it from everyone who worked for him.



Do it in your own way and do the same thing in your real estate investment career. If you need to get upset, do it. Don't overdo it or you will find nobody will want to work with you, so be careful. But shoot for perfection and settle for excellence at the very least.



Jobs built products that revolutionized the world using this philosophy and he did it in his own way...so you do it in your own way. But don't try to be him. Be yourself and expect a lot from everyone and most importantly expect the absolute most from yourself.



6. Surround Yourself with the Most Talented People You Can Find



Steve Jobs gets all the credit when you think of the legacy of greatness at Apple. Sounds good, but it's simply not true.



Yes, Jobs made the ultimate decisions in all matters Apple from the type of sandstone used in Apple stores to the kind of glass used on iPhone screens. But what's less known is that he surrounded himself with some brilliant minds that simply made him and Apple better.



Jobs surrounded himself with serious talent: the true mastermind behind the iPhone and iPad design Jony Ive, now CEO Steve Cook, Apple co-founder Steve Wozniak, Toy Story creator John Lesseter, just to name a few. These super-talented people (not the faceless minions kowtowing to Jobs every whim as we may want to believe) don't get the credit they rightfully deserve.



In real estate investing, surrounding yourself with an incredibly talented and knowledgeable team, including lawyers, real estate agents, general contractors, etc. – people in many cases who know far more than you – is just as important in real estate investing as it was in building one of the great companies of our generation. Steve Jobs realized that he couldn't do anything without great talent around him.



How about you?



7. Stay Hungry. Stay Foolish



Success in anything in life is consistently looking to improve, to grow, to build and also to have fun. If you're going to do it for the majority of the time you have in any given day, shouldn't it be fun too? Jobs summed up this philosophy of innovation, creativity and fun in his memorable 2005 Stanford commencement address (check it out on YouTube if you haven't):



"When I was young, there was an amazing publication called The Whole Earth Catalog, which was one of the bibles of my generation. It was created by a fellow named Stewart Brand not far from here in Menlo Park, and he brought it to life with his poetic touch. This was in the late 1960′s, before personal computers and desktop publishing, so it was all made with typewriters, scissors, and Polaroid cameras. It was sort of like Google in paperback form, 35 years before Google came along: it was idealistic, and overflowing with neat tools and great notions.



Stewart and his team put out several issues of The Whole Earth Catalog, and then when it had run its course, they put out a final issue. It was the mid-1970s, and I was your age. On the back cover of their final issue was a photograph of an early morning country road, the kind you might find yourself hitchhiking on if you were so adventurous. Beneath it were the words: "Stay Hungry. Stay Foolish." It was their farewell message as they signed off. Stay Hungry. Stay Foolish. And I have always wished that for myself. And now, as you graduate to begin anew, I wish that for you.



Stay Hungry. Stay Foolish."



We can be just as special as he was and although we may not all build the next Apple; we can build excellence in what we do every day as real estate investors. As was previously reported on this blog, we as real estate investors not only enrich the lives of thousands of people every year with quality housing, but we create jobs and opportunities to the tune of $9.2 billion per year as well.



What we do as real estate investors matters. Jobs would agree that is a worthy dream to pursue. And we all can learn much from him – both the good and the bad. But best of all, you don't have to be perfect in to be wildly successful like Steve Jobs.



In fact, anything's possible in life if you continue to follow the simple lessons laid out above.



Author: Mike LaCava



Mike's Website: http://www.houseflippingschool.com



Thursday, September 17, 2015

Make Your Home Safe for All Ages



Your 80-year-old aunt is coming to stay for a few days. You're looking forward to the visit, but realize your home may not be entirely "older-generation" friendly. To help enhance the safety and comfort of your visitor, especially one who may have some of the physical challenges that come with aging, here are a few quick and inexpensive things you can do to make the time less stressful for you and more comfortable for your guest:

Consider pathways in the house. Clear obstacles, and maybe even move furniture that a person usually has to maneuver around. Move any electrical cords that are where a person might walk – perhaps taping them to a wall or using a hook. Clear stairs of any objects—shoes, books, and other personal items that tend to collect on the lower treads. Also check that railings on stairs inside and out are secure, and make repairs where needed.

Lighting is crucial. Put night lights in bathrooms, the guest bedroom, any hallways near the guest bedroom, and perhaps in the kitchen. Make sure there is a lamp or light switchwithin easy reach of the guest bed so that your visitor can keep a light on until safely tucked in. Well-lit outdoor walkways and entrances are also keyfor coming or going when it is dark.

Be sure the shower your guest will use has a non-slip floor . To enhance the traction, apply non-slip strips or a suction-attached non-slip mat, both readily available at home improvement stores.

Secure or, preferably, remove any throw rugs, including bathroom mats. Edges of rugs can be a tripping hazard, and even a slightscoot can affect a person’s balance. If there are rugs you want to secure rather than remove, non-slip pads can help, but safer still would be to apply double-sided carpet tape or even caulk to attach the rug to the floor. If you choose one of these methods, be mindfulthat you don't mar the floor underneath.

soft couch Identify seating in your gathering rooms that is appropriately firm, high in the seat, and preferably that has arms to help a person easily sit down and get up. A chair that is too soft or too low to the ground can strand a person awkwardly. If in doubt about the available seating in the room, bring a dining chair with arms into the room as an alternative.

If you are considering other more long-term home modifications for aging in place, be sure to consult a remodeler or contractor who is a Certified Aging-in-Place Specialist. Find one in your area using the CAPS directory . (Article from www.nahb.org)



Sunday, September 13, 2015

Is It Time to Downsize? Ask Yourself These 4 Questions First



When is the right time to “rightsize” to a home that’s better suited to your needs? Well, if you’re in the 60+ crowd (or have a parent in that demo), there are plenty of things that can go into that decision. Maybe you’re finding yourself in a (more or less) empty nest. Maybe you want to (finally!) get serious about retirement planning. Maybe all that maintenance on your current home is more than you can or want to handle. Or, heck, maybe you just want to simplify your life.

Whatever the scenario, you’ll find that you have plenty of company. The U.S. Census Bureau’s population projections forecast that the number of Americans aged 65 and olderwillmore than doubleby 2030, increasingfrom 35 million in 2010 to an estimated 72 million.

Of course, getting older doesn’t mean you have to slow down or compromise on the lifestyle you want. It just means you have to make informed, calculated decisions on how best to achieve it. And that’s especially true when it comes to homeownership.

So if you’re thinking about downsizing, ask yourself these questions first:

Q: What kind of lifestyle do I want after I downsize?

For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations ontheir bucket lists. Somemight want alow-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.

Alex Haigh , a Realtor� with Illustrated Properties in Stuart, FL, says most folks come to South Florida for the warmer weather and amenities, and he’s seeing more seniors who are still working—because they enjoy it or want to have an extra cushion in their budgets.

Debra Whitfield , aRealtor in Charleston, SC, who specializes in working with seniors, sees her older clients making two types of moves.

“The first move are retirees looking to enjoy their freedom, so they come down to Charleston tofind active adult communities where they meet like-minded people that they can befriend easily,” Whitfield says. “The second comes afterretirees have enjoyed their freedom for 10 years or so and they decide to move one last time to live closer to family to have the physical, emotional, and spiritual support they need.”

———

Q:What should my buying budget look like?

If you’re planning to retire soon or have already entered those coveted golden years, you’ll likely be on a fixed income. Downsizing might net you a decent profit, especially if the home you’re buying next costs considerably less than the one you’re selling. Consider other expenses as you age: medical bills, health and life insurance, travel, estate planning, final expenses, and home maintenance. The common rule of thumb: Spend no more than 30% of your monthly income on housing. But in theory, it should be a lot less if you’re downsizing.

———

Q: Have I built up enough equity in my current home to make a profit?

For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home. Unless you have a significant amount of debt to pay off, chances are you’ll seeenough profit from your sale to buy your next home outright or bring a sizable down payment onclosing day.

Most of the inquiriesHaighreceives are fromretirees from the Northeast who are looking to relocate to the South. A majority of those downsizing buyers have a winning hand in bidding wars since they walked away with a profit on the sale of their old home. They have the fundsand solid credit history to pay all cash or provide alarge down payment, Haigh says.

———

Q: Will I be able to find another home that’s affordable in a seller’s market?

OK, this is where things might get tricky. In some fast-paced markets (such as Denver or San Francisco ) where soaring home prices show no signs of letting up, you might have a tougher time. If you’re relocating from a pricier part of the country such as California or the Northeast for states such as Florida or Texas , however, you should be in a better bargaining position than first-time home buyers.

Whitfieldadvises her sellers who have the financial means to buy their next home first before selling their current one. She recommends they take out either an equity line of credit on their current home or a home equity conversion mortgage to finance their purchase, then pay off the loan when they sell their former home.

“Since we have low inventory here in Charleston, buying their next home first gives my clients control over finding the perfect property instead of being rushed to find whatever happens to be on the market after their house is under contract,” says Whitfield.



After you’ve answered these questions and feel confident about making your next move, find a Realtor who can help you determine what your current home is worth and what market conditions are like in the town you want to relocate to.

Not sure where you want to go but open toa new adventure? Check out Forbes’ list of the nation’s most affordable cities for retirement . Cheers on your next chapter!

(From Realtor.com, Article by Deborah Kearns)